National and European funding sources for research are vital for innovative SMEs in North East England. The Technology Strategy Board is to invest a further £72 million in innovative new research and development projects in eight key areas, its Chief Executive, Iain Gray, announced in October 2008.
The ten new competitions, in important areas such as photonics, high value manufacturing, intelligent transport systems, network security and energy generation and supply, will be split into three phases, with the first three competitions opening in November 2008. UK based small and medium-sized enterprises (SMEs), as well as large multinationals, will have the opportunity to access the funds for market-led R&D projects.
Sunday, October 19, 2008
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